My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

posted

Connect with an expert

1 Best answer

Accepted Solutions

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

The 30% is not a refundable credit, so it can only lower your taxes due to zero.. However, you can carry over any unused portion to subsequent years.

View solution in original post

3 Replies

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

What type of system?

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

solar panels

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

The 30% is not a refundable credit, so it can only lower your taxes due to zero.. However, you can carry over any unused portion to subsequent years.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

Do you have an Intuit account?

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

My system cost me $27,300 but I am only getting $3,289. I though it was 30% of the purchase price.

Unlock tailored help options in your account.

Get more help

Related Content